When it comes to structuring a risk management process that is attuned to sustainability, while adhering to regulations, acceptance of time is a critical factor, writes Emmanuel Deschamps. We should confess it is not easy to find an insurance market where risk management was significantly developed before any regulation. Due...
Current capital modelling in the GCC presents a mixed picture across various companies. Jabran Noor and Syed Danish Ali shed light on major themes. Capital modelling has changed from theoretical bookshelf material to a practical must-have tool for managing the ground realities of today’s uncertain economic and market conditions. Apart...
David T. Youssef delves into the detail of the numerous factors that can influence outcomes, the increasing role of technology, repatriation and a number of other important influencers. The global nature of international private medical insurance (IPMI) adds significant complications to the claims process. Providers have to be on top...
Dr. Ashraf Mahate examines the various kinds of risks in international trade and finds solutions to mitigate them. Over the last half century global trade has increased considerably surpassing the growth rates of GDP. Since 1980 global GDP has grown by 375 percent, however, international trade has increased by 750...
A risk surveyor is an important cog in the risk management strategy. His report influences the capacity extended by the risk carrier, writes David Arimpur. The Survey report is an important and diagnostic document that serves many purposes. It enables the underwriter to decide whether to accept the risk or...
Every country in the MENA region has its own risk profile which needs to be understood well before underwriting risk management programmes, explains Hala Abinader. Energy risks have inherent hazards of fire and explosion. These are not the only perils that must be considered when reviewing the diverse risk landscape...
Recent regional events have caused an additional influx of capacity with more players waiting to get into the political risk, trade credit and political violence lines of business. A Premium report. In times of international conflict, the insurance industry gets busy. These are times when lines of business such as...
Analytics can change disorganised companies into proper risk calculating, efficient organisations, writes Hatim Maskawala. When it comes to analytics the characteristics of Motor insurance departments in most companies in the GCC can be divided into two broad categories: Legacy and Sophisticated. Under the Legacy category are the ones carrying out motor...
In the light of the new regulations recently passed, a critical element of interest to be noted is the role of actuaries. A Premium report. In a more general definition, actuaries develop and use financial models to make informed financial decisions and set capital requirements while setting out appropriate...
A forensic investigator has many of the skills of an archaeologist, whilst working rapidly to deliver an analysis to the insurer, writes Chris Wareham. Discovering exactly what happened after an incident such as a fire can be crucial in determining how the intricate layers of insurance will respond and how...
